12

Role of Government in Corporate Governance

Chapter Outline

  • Introduction
  • Different Roles of Government in Economy
  • State Intervention in a Developing Economy
  • Public Governance and Corporate Governance Government
  • Regulatory Framework
  • Rule-based vs Principle-based Regulations
  • Self vs Government Regulation
  • Regulatory Enforcement
  • Political Governance Requires Restraints of Power
  • Public vs Corporate Governance— A Study of Comparison
Introduction

Taking the cue from the classical economists, die-hard admirers of capitalism often aver that ‘the government should get out of the way and let the market function’. Of course, that idea is a myth. Government is absolutely essential in setting up of a market economy. Without rules and structures of a binding ...

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